How much is the National Minimum Wage?
The Chancellor announced the introduction of the new National Living Wage (NLW) in his Summer Budget 2015. The NLW was introduced from April 2016 and sets a specific minimum hourly rate of pay for workers aged 25 and over.
In the 2021 Budget, the Chancellor announced that the national living wage would apply to workers aged 23 and over.
The rates are reviewed annually.
Last reviewed/updated 1 July 2022